Aetna Doubles Its Dividend, Adds to Stock Buyback

There are dividend raises, and there are dividend raises. Aetna’s (NYSE: AET) latest boost is a solid example of the latter; the health insurer has doubled its quarterly dividend to $0.50 per share from the previous $0.25. Additionally, the company’s board authorized the repurchase of up to $4 billion worth of stock, adding to the $1.1 billion remaining on its existing buyback program. …read more